Amite, Louisiana Property Taxes
The median property tax rate in Amite, LA is 0.89%, slightly below both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Amite at $80,600, the typical annual property tax bill reaches $720, which is significantly lower than the national median of $2,690. Property taxes in Amite are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Amite's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Amite or another part of Livingston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Amite, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$717
Ownwell’s Amite Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Amite with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amite to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Amite, Louisiana
Property taxes in Amite, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Amite is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Amite set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amite estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Amite's effective property tax rate to other areas in Livingston Parish and the national median. For comparison, the 70422 zip code has both the highest and lowest median property tax rate of 0.89%. Understanding how these areas compare with Amite provides valuable insights into the varying tax landscape across Livingston Parish, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amite Tax Rate
0.89%
Average Livingston County Tax Rate
1.18%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amite, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70422 | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Amite, Louisiana
In Amite, Louisiana, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Livingston Parish Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Amite, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Amite helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $720, found in zip code 70422.
Average Amite Assessed Value
$80,600
Average Livingston County Assessed Value
$123,300
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amite, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70422 | $62,040 | $69,000 | $80,600 | $106,400 | $121,880 |
Source: Ownwell
Property Tax Bills Across Amite, Louisiana
In Amite, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Amite is $80,600, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as the property's location within Livingston County, any applicable exemptions, and the local tax rate play crucial roles in determining the final amount. Homeowners in Amite can expect their property tax bills to vary, with the 25th percentile at $617 and the 75th percentile at $950. For those at the higher end, the 90th percentile tax bill reaches up to $1,089. Comparatively, the national median property tax rate is 0.99%, which highlights how local rates and property values impact the overall tax burden. Understanding these factors helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Amite Tax Bill
$720
Average Livingston County Tax Bill
$1,385
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Amite, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70422 | $555 | $617 | $720 | $950 | $1,089 |
Source: Ownwell